Danaher offers to buy Trojan Technologies

Washington, D.C.; London, Ontario, Canada—Danaher Corp. has agreed to acquire all shares of Trojan Technologies Inc. for approximately $185 million in cash, including transaction costs and net of cash acquired.

09/29/2004


Washington, D.C.; London, Ontario, Canada— Danaher Corp. has agreed to acquire all shares of Trojan Technologies Inc. for approximately $185 million in cash, including transaction costs and net of cash acquired. Trojan’s board of directors has already recommended that its shareholders accept the offer, pending regulatory approvals and other closing conditions.

Trojan manufactures water treatment solutions using ultraviolet (UV) technologies, and has annual revenues of approximately $100 million. Danaher manufactures process/environmental controls, tools, and components.

'Acquiring Trojan brings another premier brand name to Danaher's environmental platform, and broadens our footprint in water quality into the water disinfection segment,” says H. Lawrence Culp, Jr., Danaher’s president and CEO. “We're looking forward to working with Trojan's management and associates to build on the strong foundation they've established in this attractive growth market.'

Marvin DeVries, Trojan’s president and CEO, adds that the transaction would provide the company with enhanced access to financial resources and a stronger global base. 'Both Trojan and Danaher share a common vision of providing innovative solutions for the water quality market. By joining forces, we will be able to expand at a faster pace into important emerging markets, such as China, Eastern Europe and India. We look forward to this new and exciting chapter in Trojan's business.'

Control Engineering Daily News Desk
Jim Montague, news editor
jmontague@reedbusiness.com





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me